Investors Should Take Note Of Fulton Financial Corp. (FULT)

Fulton Financial Corp. (FULT) concluded trading on Thursday at a closing price of $17.44, with 2.95 million shares of worth about $51.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.72% during that period and on July 11, 2024 the price saw a gain of about 2.59%. Currently the company’s common shares owned by public are about 181.76M shares, out of which, 179.68M shares are available for trading.

Stock saw a price change of 6.34% in past 5 days and over the past one month there was a price change of 8.59%. Year-to-date (YTD), FULT shares are showing a performance of 5.95% which increased to 43.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.63 but also hit the highest price of $17.68 during that period. The average intraday trading volume for Fulton Financial Corp. shares is 1.73 million. The stock is currently trading 6.30% above its 20-day simple moving average (SMA20), while that difference is up 4.46% for SMA50 and it goes to 14.45% higher than SMA200.

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Fulton Financial Corp. (NASDAQ: FULT) currently have 181.76M outstanding shares and institutions hold larger chunk of about 64.46% of that.

The stock has a current market capitalization of $3.17B and its 3Y-monthly beta is at 0.77. PE ratio of stock for trailing 12 months is 10.81, while it has posted earnings per share of $1.61 in the same period. Its PEG reads 1.35 while making debt-to-equity ratio of 0.83. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FULT, volatility over the week remained 2.34% while standing at 2.03% over the month.

Stock’s fiscal year EPS is expected to drop by -12.69% while it is estimated to increase by 28.35% in next year. EPS is likely to grow at an annualized rate of 8.00% for next 5-years, compared to annual growth of 6.84% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Janney on April 29, 2024 offering a Buy rating for the stock and assigned a target price of $19.50 to it. Coverage by Stephens stated Fulton Financial Corp. (FULT) stock as an Equal-weight in their note to investors on December 14, 2023, suggesting a price target of $16 for the stock. On January 10, 2023, Janney Initiated their recommendations, while on April 21, 2022, Stephens Upgrade their ratings for the stock with a price target of $20.50. Stock get an Outperform rating from Raymond James on June 17, 2020.

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